UKRAINIAN AMERICAN CREDIT UNION ASSOCIATION

EIN: 363094563

YONKERS, NY

Total Revenue
$141,227
Total Expenses
$133,779
Total Assets
$383,036
Net Assets
$365,066
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IL
Principal Officer
ANDREW HORBACHEVSKY
Phone
7737441348
Tax Period
2023-01-01 to 2023-12-31

UKRAINIAN AMERICAN CREDIT UNION ASSOCIATION, founded in 1980, is a small nonprofit that reported $141K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $134K left a modest 5% surplus.

Mission

THE ASSOCIATION PROVIDES THE OPPORTUNITY FOR UKRAINIAN AMERICAN CREDIT UNION LEADERS TO INTERACT WITH ONE ANOTHER, SPONSORS INFORMATIVE, EDUCATIONAL SEMINARS FOR THEM AND OFFERS THEM UNIQUE PRODUCTS AND SERVICES. THE ASSOCIATION FACILITATES LINES OF COMMUNICATION AMONG MEMBER CREDIT UNIONS.

Program Service Accomplishments

Program 1
Expenses: $41,672

PUBLICATION OF 2024 CALENDARS DEDICATED TO DIASPORA SUPPORT FOR WAR IN UKRAINE, DISTRIBUTED TO 30,849 CREDIT UNION MEMBERS.

Program 2
Expenses: $24,766

THE ASSOCIATION HELD ITS ANNUAL MEETING AND CONFERENCE IN JUNE 2023 IN CHICAGO, IL. PRESENTATIONS INCLUDED THE WAYS TO IMPROVE DIGITAL AND CONVENTIONAL MEMBER SERVICES, THE US PROGRAM FOR RESETTLED...

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THE ASSOCIATION HELD ITS ANNUAL MEETING AND CONFERENCE IN JUNE 2023 IN CHICAGO, IL. PRESENTATIONS INCLUDED THE WAYS TO IMPROVE DIGITAL AND CONVENTIONAL MEMBER SERVICES, THE US PROGRAM FOR RESETTLED UKRAINIAN CITIZENS, WAYS TO BETER SERVE MEMBERS IN THE US, ANA EXPLORATION OF POSSIBLE JOINT MARKETING PROGRAM FOR MEMBER CREDIT UNIONS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,011
Program Service Revenue $82,966
Investment Income $10,250
Other Revenue $0
TOTAL REVENUE $141,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,464
Fundraising Expenses $0
Program Expenses $66,438
Other Expenses $88,315
TOTAL EXPENSES $133,779

Year-over-Year Comparison

2023 2022 Change
Revenue $141,227 $119,706 +0.2%
Expenses $133,779 $154,352 -0.1%
Net Income $7,448 $-34,646 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$35,000
Total Directors
2
$35,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANDREW HORBACHEVSKY EXEC DIRECTOR 020.00
Officer Director
$35,000 $0 $35,000
ANATOLI MURHA CHAIR 005.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $141,227 $133,779 $383,036 $7,448
2022 $119,706 $154,352 $357,855 $-34,646
2021 $72,015 $109,139 $397,931 $-37,124
2020 $90,763 $153,799 $429,625 $-63,036
2019 $116,338 $186,519 $492,661 $-70,181
2018 $105,909 $182,648 $562,843 $-76,739
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